Polymarket Nears $10B Valuation After US Market Approval

Polymarket, a leading cryptocurrency-based prediction market platform, is on the verge of tripling its valuation to between $3 billion and $10 billion in a new funding round fueled by heightened investor interest and regulatory approvals. The company gained significant attention after accurately forecasting President Trump's 2024 election victory, and it has since expanded its offerings to include bets on diverse events like sports and pop culture. Crucially, Polymarket has recently received regulatory clearance to operate legally within the U.S., a move that opens access to a substantial new user base and is expected to drive further growth. This U.S. expansion follows the strategic acquisition of QCX and involvement from high-profile investors such as Donald Trump Jr., who joined Polymarket's advisory board and whose firm, 1789 Capital, made a strategic investment. Despite facing bans in several countries due to gambling regulations, Polymarket's trading volumes have surged to billions in 2025, reflecting growing mainstream acceptance of prediction markets as financial tools. The company’s rapid rise parallels the broader maturation of decentralized finance and prediction markets, underscored by competitor valuations like Kalshi's $2 billion funding round.